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CHIN.L vs. XCHA.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CHIN.L vs. XCHA.L

Last updated Jun 5, 2026

CHIN.L (ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF) and XCHA.L (Xtrackers CSI 300 Swap UCITS ETF 1C) are both China Equities funds - CHIN.L tracks the MSCI China NR USD while XCHA.L tracks the MSCI China A Onshore NR CNY. Both are passively managed. Over the past 5 years, CHIN.L returned -1.79%/yr vs 2.07%/yr for XCHA.L. Their correlation of 0.88 suggests significant overlap in exposure. CHIN.L charges 0.55%/yr vs 0.50%/yr for XCHA.L.

Performance

CHIN.L vs. XCHA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.L) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CHIN.L achieves a 5.71% return, which is significantly lower than XCHA.L's 11.44% return.

CHIN.L

1D
-0.16%
1M
0.63%
YTD
5.71%
6M
7.46%
1Y
29.48%
3Y*
13.58%
5Y*
-1.79%
10Y*
—

XCHA.L

1D
-0.57%
1M
2.27%
YTD
11.44%
6M
15.20%
1Y
41.84%
3Y*
15.51%
5Y*
2.07%
10Y*
9.32%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CHIN.L vs. XCHA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CHIN.L
ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF		5.71%32.57%14.56%-13.55%-25.21%-9.74%34.99%27.63%-25.21%47.98%
XCHA.L
Xtrackers CSI 300 Swap UCITS ETF 1C		11.44%30.08%16.02%-11.00%-24.25%3.24%45.85%40.57%-24.28%35.23%

Correlation

The correlation between CHIN.L and XCHA.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.90

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Jul 29, 2016

0.88

The correlation between CHIN.L and XCHA.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

CHIN.L vs. XCHA.L - Sectors Allocation Comparison

Sectors
CHIN.L
XCHA.L

Technology

25.1%
26.9%

Financial Services

14.7%
20.0%

Industrials

14.6%
16.5%

Consumer Cyclical

12.8%
6.5%

Basic Materials

10.9%
10.3%

Communication Services

6.5%
1.6%

Healthcare

5.7%
4.7%

Consumer Defensive

4.0%
7.2%

Energy

2.4%
3.0%

Utilities

2.3%
2.8%

Real Estate

1.0%
0.5%

Technology

CHIN.L
25.1%
XCHA.L
26.9%

Financial Services

CHIN.L
14.7%
XCHA.L
20.0%

Industrials

CHIN.L
14.6%
XCHA.L
16.5%

Consumer Cyclical

CHIN.L
12.8%
XCHA.L
6.5%

Basic Materials

CHIN.L
10.9%
XCHA.L
10.3%

Communication Services

CHIN.L
6.5%
XCHA.L
1.6%

Healthcare

CHIN.L
5.7%
XCHA.L
4.7%

Consumer Defensive

CHIN.L
4.0%
XCHA.L
7.2%

Energy

CHIN.L
2.4%
XCHA.L
3.0%

Utilities

CHIN.L
2.3%
XCHA.L
2.8%

Real Estate

CHIN.L
1.0%
XCHA.L
0.5%

Compare stocks, funds, or ETFs

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ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF

Xtrackers CSI 300 Swap UCITS ETF 1C

Often compared with CHIN.L:
CHIN.L vs. 2331.HKCHIN.L vs. CNYACHIN.L vs. LICHIN.L vs. RQFI.LCHIN.L vs. M9SV.LCHIN.L vs. XCNA.LCHIN.L vs. AH50.L
Often compared with XCHA.L:
XCHA.L vs. ASHRXCHA.L vs. CSPX.LXCHA.L vs. VUAA.DEXCHA.L vs. HMCT.LXCHA.L vs. CA3S.LXCHA.L vs. XCNA.LXCHA.L vs. CEBG.L

Return for Risk

CHIN.L vs. XCHA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CHIN.L
CHIN.L Risk / Return Rank: 5151
Overall Rank
CHIN.L Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
CHIN.L Sortino Ratio Rank: 4646
Sortino Ratio Rank
CHIN.L Omega Ratio Rank: 4444
Omega Ratio Rank
CHIN.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
CHIN.L Martin Ratio Rank: 5252
Martin Ratio Rank
XCHA.L
XCHA.L Risk / Return Rank: 8383
Overall Rank
XCHA.L Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
XCHA.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
XCHA.L Omega Ratio Rank: 7777
Omega Ratio Rank
XCHA.L Calmar Ratio Rank: 9393
Calmar Ratio Rank
XCHA.L Martin Ratio Rank: 8989
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHIN.L vs. XCHA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.L) and Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

CHIN.LXCHA.LDifference
Sharpe ratioReturn per unit of total volatility
1.59
2.51

-0.92

Sortino ratioReturn per unit of downside risk
2.26
3.44

-1.18

Omega ratioGain probability vs. loss probability

1.28

1.45

-0.17

Calmar ratioReturn relative to maximum drawdown

3.26

6.69

-3.43

Martin ratioReturn relative to average drawdown

8.75

19.41

-10.66

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHIN.L vs. XCHA.L - Sharpe Ratio Comparison

The current CHIN.L Sharpe Ratio is 1.59, which is lower than the XCHA.L Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of CHIN.L and XCHA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

CHIN.LXCHA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.59

2.51

-0.92

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.07

0.09

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.41

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.29

-0.04

Drawdowns

CHIN.L vs. XCHA.L - Drawdown Comparison

The maximum CHIN.L drawdown since its inception was -55.89%, which is greater than XCHA.L's maximum drawdown of -50.88%. Use the drawdown chart below to compare losses from any high point for CHIN.L and XCHA.L.

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Drawdown Indicators

CHIN.LXCHA.LDifference

Max Drawdown

Largest peak-to-trough decline

-55.89%

-50.88%

-5.01%

Max Drawdown (1Y)

Largest decline over 1 year

-9.01%

-6.23%

-2.78%

Max Drawdown (3Y)

Largest decline over 3 years

-24.01%

-26.84%

+2.83%

Max Drawdown (5Y)

Largest decline over 5 years

-49.38%

-40.18%

-9.20%

Max Drawdown (10Y)

Largest decline over 10 years

—

-44.90%

—

Current Drawdown

Current decline from peak

-20.39%

-1.93%

-18.46%

Average Drawdown

Average peak-to-trough decline

-24.71%

-24.58%

-0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.36%

2.15%

+1.21%

Volatility

CHIN.L vs. XCHA.L - Volatility Comparison

ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF (CHIN.L) has a higher volatility of 6.64% compared to Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.L) at 6.13%. This indicates that CHIN.L's price experiences larger fluctuations and is considered to be riskier than XCHA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CHIN.LXCHA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.64%

6.13%

+0.51%

Volatility (6M)

Calculated over the trailing 6-month period

13.00%

11.46%

+1.54%

Volatility (1Y)

Calculated over the trailing 1-year period

18.50%

16.60%

+1.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.43%

22.39%

+2.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.83%

22.69%

+0.14%

CHIN.L vs. XCHA.L - Expense Ratio Comparison

CHIN.L has a 0.55% expense ratio, which is higher than XCHA.L's 0.50% expense ratio.

Dividends

CHIN.L vs. XCHA.L - Dividend Comparison

Neither CHIN.L nor XCHA.L has paid dividends to shareholders.

PositionTTM2025202420232022202120202019
CHIN.L
ICBC Credit Suisse UCITS ETF SICAV - ICBCCS WisdomTree S&P China 500 UCITS ETF		0.00%0.00%0.00%0.00%1.33%1.01%1.19%2.38%
XCHA.L
Xtrackers CSI 300 Swap UCITS ETF 1C		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CHIN.L and XCHA.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XCHA.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XCHA.L is cheaper with a 0.50% expense ratio, compared with 0.55% for CHIN.L.

CHIN.L tracks MSCI China NR USD, while XCHA.L tracks MSCI China A Onshore NR CNY. They also come from different issuers: ICBC Credit Suisse Asset Management and Xtrackers. Their fees differ too: 0.55% for CHIN.L and 0.50% for XCHA.L.

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